Target Price Playground
CDNS
$265.66
๐ข
CDNS IV: 42.7% โ LOW
(-43.5% vs 30d avg of 75.6%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $285 by Jun 19
Historical Backtest
Coming soon
Signal Backtest
Coming soon
๐ Strategy
Long Stock
Long Call
Long Put
Bull Call Spread
Bear Put Spread
Covered Call
Protective Put
Cash-Secured Put
Diagonal Put Spread
Long Straddle
Own stock, sell OTM call for income. Caps upside.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG 100 SHARES
@ $265.66 ยท ฮ 1.00
SHORT CALL ยท $285 ยท Jun '26
Qty 1 ยท Premium $14.28 ยท ฮ 0.42
P&L at Expiry
Stock (100 sh)
Covered Call
Now
Target
๐ก Stock vs Options at Target
If CDNS hits $285 by Jun 19: the covered call returns +$3,362 (13.4%) on $25,138 risked, vs +$1,934 (7.3%) for 100 shares on $26,566. Options give 1.8ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if CDNS is at $285. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if CDNS hits $285 by Jun 19
+$3,362
+13.4% on $25,138 risked
Max Profit
+$3,362
If the stock โฅ $285 at expiry
Max Loss
โ$25,138
If stock โ $0 (minus premium received)
Break-even
$251.38
-5.38% from spot
Prob. of Target Hit
70%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
58.47 / 16.29 / -46.87
per spread, per $1 move / day / vol pt
๐ Notes for each mode (not shown on real page)
Forward Projection
Reprices legs at (target_price, target_date) via Black-Scholes. Works on existing BS service. Simplest mode โ ship first.
Reprices legs at (target_price, target_date) via Black-Scholes. Works on existing BS service. Simplest mode โ ship first.
Historical Backtest
Uses our historical options chains to replay this exact strategy over past expirations. Needs: date picker, "rolling every N days", cumulative P&L chart.
Uses our historical options chains to replay this exact strategy over past expirations. Needs: date picker, "rolling every N days", cumulative P&L chart.
Signal Backtest
"Run this strategy on every BUY-rated stock with score โฅ 80 for last 90d." Reuses score_backtest pipeline + strategy overlay.
"Run this strategy on every BUY-rated stock with score โฅ 80 for last 90d." Reuses score_backtest pipeline + strategy overlay.
Solve for Return
Inverse: user says "+50% in 90d", system solves for required price move, shows IV-implied probability. Pure math.
Inverse: user says "+50% in 90d", system solves for required price move, shows IV-implied probability. Pure math.
๐ P&L Scenarios โ what happens at different prices and dates
| CDNS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $213 (-20%) | -$4,023 | -$3,934 | -$3,889 | -$3,885 |
| $226 (-15%) | -$2,839 | -$2,685 | -$2,577 | -$2,557 |
| $239 (-10%) | -$1,745 | -$1,513 | -$1,305 | -$1,229 |
| $252 (-5%) | -$764 | -$454 | -$120 | +$100 |
| $260 (-2%) | -$237 | +$115 | +$522 | +$897 |
| $266 (0%) โ spot | +$88 | +$463 | +$914 | +$1,428 |
| $271 (+2%) | +$391 | +$785 | +$1,274 | +$1,959 |
| $279 (+5%) | +$805 | +$1,221 | +$1,748 | +$2,756 |
| $285 (+7%) โ target | +$1,088 | +$1,513 | +$2,054 | +$3,362 |
| $292 (+10%) | +$1,391 | +$1,819 | +$2,360 | +$3,362 |
| $306 (+15%) | +$1,855 | +$2,269 | +$2,769 | +$3,362 |
| $319 (+20%) | +$2,213 | +$2,593 | +$3,017 | +$3,362 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.